RF Industries Climbs on Swing to 4Q Profit

Dow Jones
Yesterday

RF Industries shares climbed after the company swung to a profit in the fourth quarter.

Shares rose 22% to $8.84 in after hours trading, after closing up 8.3% to $7.21 on Wednesday. At close, the stock was up 83% over the past year.

The interconnect product manufacturer on Wednesday reported a fourth-quarter profit of $174,000, or 2 cents a share, compared with a loss of $238,000, or 2 cents a share, a year earlier.

On an adjusted basis, the company reported earnings of 20 cents a share.

Net sales rose 23% to $22.7 million, up from $18.5 million a year earlier.

Chief Executive Officer Robert Dawson said the swing to a profit comes as the company looks to move more squarely into the technology solutions business.

"Fiscal 2025 feels like a breakout year for RFI and we hope to continue that momentum into FY2026," Dawson said. "While the general operating environment continues to have its share of uncertainties and increased costs, our team plans to continue to execute our long-term strategic plan to squarely position RFI from a product seller to a technology solutions provider."

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